Xiaomi Mi TV 3 sports 60-inch 4K display, sub-$800 price tag

Xiaomi unveiled several new products on Monday, but one of the most compelling is its new 60-inch 4K TV with a price tag under $800.

The new “Mi TV 3” television set sports an LG 4K panel, which means it should offer some quality despite its affordable price. It also packs a “world-class independent sound system,” an aluminum frame that measures just 11.6mm thick, motion compensation, a 178-degree viewing angle, a 1,200:1 contrast ratio and a 60Hz refresh rate.

Smart TV hardware features include 802.11 a/b/g/n/ac 2.4GHz/5GHz Wi-Fi, Bluetooth 4.1, a quad-core processor, 2GB of RAM, 8GB of local storage, three HDMI 2.0 ports, an Ethernet jack and more.

And, despite all of this, the TV will launch in China for just 4,999 Yuan, or about $786. Xiaomi didn’t say whether or not the TV will make it to the U.S., but don’t suspect it will.